Waterborne Polyurethane Market

Waterborne Polyurethane Market by Application (Coatings, Adhesives, Sealants, Elastomers, and Others), End-Use Industry (Building & Construction, Automotive & Transportation, Bedding & Furniture, Electronics, and Others), Region - Global Forecast to 2025

Report Code: CH 3442 Oct, 2020, by marketsandmarkets.com

[ 148 Pages Report] The global waterborne polyurethanes market size is estimated at USD 1.7 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 5.2%. The growing demand for waterborne polyurethanes is due to the growing demands for innovative, environment friendly, and cost-effective products and the growing construction industry in the emerging countries.

Global Waterborne polyurethanes Market Trends

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COVID-19 impact on Global Waterborne polyurethanes Market

The waterborne polyurethanes are used in various end-use industries such as automotive & transportation, building & construction, bedding & furniture, electronics, and others. COVID-19 has impacted these industries.

  • The lockdown in various countries and logistical restrictions have adversely impacted the automotive & transportation industry. Supply chain disruptions, workforce unavailability, logistical restrictions, limited availability of components, demand drop, low company liquidity, and shutdown of manufacturing due to lockdown in various countries have adversely affected the industry. OEMs, raw material suppliers, and other related businesses are forced to re-evaluate their strategies to cater to this industry during this crisis period.
  • Residential and commercial construction has come to a grinding halt owing to the pandemic. Waterborne polyurethanes demand from this sector is expected to be low to the medium during this crisis period. Some major issues would be a delay in order shipments, supply chain restriction, manpower & equipment shortage, and material shortage. Post conclusion of this crisis, the market is expected to revive, and demand is likely to increase for the waterborne polyurethanes market.
  • The demand for bedding has increased in the healthcare sector, owing to the pandemic. A rise in demand from various hospitals and care institutions for supplying these mattresses for the increasing number of patients is boosting the consumption of waterborne polyurethanes in the manufacturing of these devices/equipment.

Waterborne polyurethanes Market Dynamics

Driver: Substitution of solvent-based polyurethanes

Solvent-based polyurethanes are made up of liquefying agents that evaporate when comes in contact with oxygen. Solvent-based polyurethanes emit toxic fumes that contain harmful free isocyanates, which can affect the respiratory system and be dangerous for asthma sufferers, children, and the elderly. It also emits VOCs (Volatile Organic Compounds) into the atmosphere. Breathing VOCs can irritate the eyes, nose and throat, can cause difficulty breathing and nausea, and can damage the central nervous system as well as other organs. Some VOCs can cause cancer. Owing to the harmful effects of these emissions regulatory bodies have pressurized in developing environment-friendly products. Waterborne polyurethanes were developed as a result of the regulatory pressure on harmful chemical emissions and are non-toxic. Waterborne polyurethanes are stable, easy-to-use, and exhibit properties similar to solvent-based systems.

Restrain: Volatility in the raw material prices

Raw materials used for manufacturing waterborne polyurethanes are primarily extracted from crude oil. Crude oil is one of the important sources of energy that accounted for 27.3% of the global primary energy consumption in 2015, according to the BP Statistical Review of Energy. The average crude oil spot price reached USD 52 per barrel at the end of December 2016 from a low of USD 29.8 per barrel at the end of January 2016. Crude oil price is very much on a recovery path and stabilized in the range of USD 55 to USD 60 per barrel in 2017. However, due to COVID-19 in 2020, almost all countries have banned both domestic and international travel. This has caused a huge drop in demand for transportation fuel, which has further affected the crude oil prices. Owing to such fluctuating crude oil prices, raw material prices of waterborne polyurethanes are volatile.

Opportunity: Increasing awareness about the harmful effects of chemical emissions from solvents

Various industries such as building & construction, automotive & transportation, bedding & furniture, and electronics use waterborne polyurethanes in the form of coatings, adhesives, sealants, and elastomers. The demand for waterborne polyurethanes is growing in these industries owing to the increasing awareness of the harmful effects of chemical emissions from solvent-based polyurethanes. Solvent-based polyurethanes emit VOCs and HAPs into the environment. These VOCs and HAPs harm the humans and the environments. These emissions can affect the respiratory system and be dangerous for asthma sufferers, children, and the elderly. Breathing VOCs can irritate the eyes, nose and throat, can cause difficulty breathing and nausea, and can damage the central nervous system as well as other organs. Some VOCs can also cause cancer. The increasing awareness about the negative effects of these emissions has driven a need for products that are non-toxic and environment-friendly such as waterborne polyurethanes.

Challenge: Poor performance of waterborne polyurethanes compared to solvent-based polyurethanes

Solvent-based polyurethanes use major solvents such as are butanone, cyclohexanone, ethyl acetate, and toluene. These organic solvents tend to be highly volatile and toxic, flammable and explosive, which is not only dangerous, but also a threat to the environment and human health. As a result, waterborne polyurethanes were developed that are non-toxic and environment friendly. Waterborne polyurethane coatings with low VOC emissions and good product performance have drawn wide public concern. However, due to the limitations of the molecular structure of waterborne polyurethanes, it has some disadvantages, such as heat resistance, water resistance, solvent resistance, and poor gloss. The developers are working to improvise the performance of waterborne polyurethanes. 

The sealant application segment to register the fastest growth during the forecast period. 

Waterborne polyurethane based sealants provide tighter seals and forms a flexible and elastomeric seam on curing. The UV resistant sealant provides excellent adhesion to most of the industrial materials. Waterborne polyurethane sealants are more suitable for various applications owing to the formation of durable waterproof seal on curing. Waterborne polyurethane sealants are used in road repair, plumbing, and construction where a high-strength, water-resistant seal is needed. They provide high stress recovery to retain shape after being bent or deformed, fast curing rates, and even adherence to non-primed concrete. These end-uses of waterborne polyurethane sealants is driving market growth. 

The building & construction industry to be the largest end-use market for waterborne polyurethanes. 

Waterborne polyurethanes have been at the epicenter of coating industry, providing greener solutions to modern coating problems. This chemical is polyurethane dispersed in water. This reduces the dependence on solvent-based polyurethanes, providing a better and environment-friendly replacement for existing systems. Advantages like temperature curing and good adhesion further reinforce the case for waterborne polyurethanes. It is frequently used in building and construction applications. Affordability of these versatile materials and the comfort they provide have made polyurethane components part of building & construction industry, globally. In addition, the growing residential and commercial construction activities in emerging economies such as India, China, Indonesia, Vietnam, Chile, and others are further driving consumption in this industry. 

APAC is projected to be the largest waterborne polyurethanes market during the forecast period. 

The waterborne polyurethanes market in APAC is projected to register the highest CAGR during the forecast period. The market in APAC is driven by the growing construction and industrial activities, increased consumer spending, and strong economic growth.

The recent COVID-19 pandemic is expected to impact the global automotive industry. The entire supply chain is disrupted due to limited supply of parts. For instance, Hubei province in China, which accounts for 8–10% of the Chinese auto production, was severely impacted by pandemic. Chinese suppliers around the globe have placed production lines on halt or shut them down completely.  The legal and trade restrictions, such as sealed borders, increase the shortage of required parts. Such disruptions in supply chain is expected to affect the assembly of OEMs in Europe and North America. 

Waterborne Polyurethanes Market By Region

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Source: Secondary Research, Primary Interviews, and MarketsandMarkets Analysis

Key Market Players

The key players profiled in this report include Covestro (Germany), DSM (Netherlands), BASF (Germany), R STAHL (Germany), Chemtura (the US), Dow Inc ., (the US), H.B. Fuller (the US), Wanhua Chemical (China), SNP Inc., (the US), and KAMSONS Chemical Pvt. Ltd., (India). These companies have adopted various organic as well as inorganic growth strategies between 2015 and 2020 to enhance their regional presence and meet the growing demand for waterborne polyurethanes from emerging economies.  

Scope of the report

Report Metric

Details

Years considered for the study

2018–2025

Base year

2019

Forecast period

2020–2025

Units considered

Value (USD Billion) and Volume (Kiloton)

Segments

Application, End-use Industry, and Region

Regions

APAC, Europe, North America, South America, and Middle East & Africa.

Companies

Total of 10 major players covered:
Covestro (Germany), DSM (Netherlands), BASF (Germany), R STAHL (Germany), Chemtura (the US), Dow Inc ., (the US), H.B. Fuller (the US), Wanhua Chemical Corporation (China), SNP Inc., (the US), and KAMSONS Chemical Pvt. Ltd., (India)

This research report categorizes the waterborne polyurethanes market based on type, application, and region.

On the basis of application, the waterborne polyurethanes market has been segmented as follows:

  • Coating
  • Sealant
  • Adhesive 
  • Elastomer
  • Others

On the basis of end-use industry, the waterborne polyurethanes market has been segmented as follows:

  • Building & construction
  • Automotive & transportation
  • Bedding & furniture
  • Electronics
  • Others

On the basis of region, the waterborne polyurethanes market has been segmented as follows:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America 

Recent Developments

  1. In January 2020, BASF had increased the production capacity of water-based polyurethane dispersions by 30% in Europe This strategy will help the company to serve its customers better and meet the rising demand for water-based polyurethane dispersions. 
  2. In June 2019, DSM had partnered with TLF (Germany), a globally operating company supplying specialty chemicals to leather and related industries. This partnership includes supply as well as R&D of cutting edge, sustainable waterborne polyurethane dispersions system. By partnering at different points in the value chain, DSM and TFL are able to further unlock the value of sustainable leather finishes and strengthen their respective market positions. 
  3. In July 2018, Covestro had developed polyurethane dispersions named Impraperm DL 5249 and Impraperm DL 5310. These are used as textile coatings and enables effective waterproofing and breathability of coatings using the waterborne technology. This strategy has helped the company to provide eco-friendly textile production for its customers without the use of solvents. 

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 20)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS & EXCLUSIONS
           1.3.1 WATERBORNE POLYURETHANES MARKET– FORECAST TO 2025
    1.4 MARKET SCOPE
           FIGURE 1 WATERBORNE POLYURETHANES: MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY
    1.6 UNIT CONSIDERED
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 24)
    2.1 RESEARCH DATA
           FIGURE 2 WATERBORNE POLYURETHANES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 WATERBORNE POLYURETHANES MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 WATERBORNE POLYURETHANES MARKET: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 5 WATERBORNE POLYURETHANES MARKET: DATA TRIANGULATION
           2.3.1 WATERBORNE POLYURETHANES MARKET ANALYSIS THROUGH PRIMARY INTERVIEWS
                    FIGURE 6 WATERBORNE POLYURETHANES MARKET ANALYSIS THROUGH SECONDARY SOURCES
                    FIGURE 7 WATERBORNE POLYURETHANES MARKET ANALYSIS
    2.4 LIMITATIONS
    2.5 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 34)
    FIGURE 8 COATINGS ACCOUNTED FOR THE LARGEST SHARE IN 2019
    FIGURE 9 BUILDING & CONSTRUCTION WAS THE LARGEST END-USE INDUSTRY IN 2019
    FIGURE 10 APAC ACCOUNTED FOR THE LARGEST SHARE OF THE WATERBORNE POLYURETHANES MARKET IN 2019

4 PREMIUM INSIGHTS (Page No. - 37)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE WATERBORNE POLYURETHANES MARKET
           FIGURE 11 INCREASING REGULATIONS ON THE USE OF ENVIRONMENT-FRIENDLY PRODUCTS TO DRIVE THE WATERBORNE POLYURETHANES MARKET
    4.2 WATERBORNE POLYURETHANES MARKET, BY APPLICATION
           FIGURE 12 COATINGS TO REMAIN THE LARGEST APPLICATION SEGMENT OF THE WATERBORNE POLYURETHANES MARKET
    4.3 WATERBORNE POLYURETHANES MARKET, BY END-USE INDUSTRY
           FIGURE 13 BUILDING & CONSTRUCTION TO BE THE LARGEST END-USE INDUSTRY OF WATERBORNE POLYURETHANES
    4.4 WATERBORNE POLYURETHANES MARKET: MAJOR COUNTRIES
           FIGURE 14 INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    4.5 APAC: WATERBORNE POLYURETHANES MARKET, BY END-USE INDUSTRY AND COUNTRY
           FIGURE 15 BUILDING & CONSTRUCTION AND CHINA ACCOUNTED FOR THE LARGEST MARKET SHARES IN 2019

5 MARKET OVERVIEW (Page No. - 40)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE WATERBORNE POLYURETHANES MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Substitution of solvent-based polyurethanes
                    5.2.1.2 Increasing federal regulations regarding VOCs and hazardous air pollutants (HAPs)
                    5.2.1.3 Growing use in the construction industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatility in raw material prices
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing awareness about the harmful effects of chemical emissions from solvents
                    5.2.3.2 Industrial development in emerging countries
           5.2.4 CHALLENGES
                    5.2.4.1 Poor performance of waterborne polyurethanes compared to solvent-based polyurethanes
    5.3 PORTER’S FIVE FORCES ANALYSIS
                    FIGURE 17 WATERBORNE POLYURETHANES MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF BUYERS
           5.3.2 BARGAINING POWER OF SUPPLIERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 VALUE CHAIN OF WATERBORNE POLYURETHANES
           FIGURE 18 OVERVIEW OF WATERBORNE POLYURETHANES VALUE CHAIN
           5.4.1 RAW MATERIAL SUPPLIERS
           5.4.2 MANUFACTURERS
           5.4.3 DISTRIBUTORS/CONVERTORS
           5.4.4 END USERS
    5.5 MACROECONOMIC INDICATORS
           5.5.1 GLOBAL GDP TRENDS AND FORECASTS
                    TABLE 1 PROJECTED GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2018-2024
                    TABLE 2 AUTOMOBILE PRODUCTION STATISTICS, 2018 AND 2019 (UNITS PRODUCED)

6 IMPACT OF COVID-19 ON WATERBORNE POLYURETHANES MARKET (Page No. - 49)
    6.1 COVID-19
    6.2 CONFIRMED CASES AND DEATHS, BY REGION
           FIGURE 19 UNPRECEDENTED PACE OF GLOBAL PROPAGATION
    6.3 IMPACT ON END-USE INDUSTRIES
           6.3.1 BUILDING & CONSTRUCTION
           6.3.2 AUTOMOTIVE & TRANSPORTATION
           6.3.3 OTHERS

7 WATERBORNE POLYURETHANES MARKET, BY APPLICATION (Page No. - 52)
    7.1 INTRODUCTION
           FIGURE 20 COATINGS TO BE LARGEST APPLICATION IN WATERBORNE POLYURETHANES MARKET
           TABLE 3 WATERBORNE POLYURETHANES MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
           TABLE 4 WATERBORNE POLYURETHANES MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
    7.2 COATINGS
           7.2.1 WATERBORNE POLYURETHANES OFFER IMPROVED APPEARANCE AND LIFESPAN OF PRODUCTS
    7.3 ADHESIVES
           7.3.1 WATERBORNE POLYURETHANES OFFER STRONG BONDING AND GREEN STRENGTH
    7.4 SEALANTS
           7.4.1 WATERBORNE POLYURETHANE SEALANT USED FOR ITS HIGH STRESS RECOVERY TO RETAIN SHAPE
    7.5 ELASTOMERS
           7.5.1 MACHINABILITY AND LOWER WEIGHT TO DRIVE THE MARKET
    7.6 OTHERS

8 WATERBORNE POLYURETHANES MARKET, BY END-USE INDUSTRY (Page No. - 56)
    8.1 INTRODUCTION
           FIGURE 21 BUILDING & CONSTRUCTION TO BE LARGEST END-USE INDUSTRY FOR WATERBORNE POLYURETHANES
           TABLE 5 WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
           TABLE 6 WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
    8.2 BUILDING & CONSTRUCTION
           8.2.1 AFFORDABILITY AND ENVIRONMENT-FRIENDLY PROPERTIES OF POLYURETHANE MATERIALS TO BOOST ITS DEMAND
    8.3 AUTOMOTIVE & TRANSPORTATION
           8.3.1 WATERBORNE POLYURETHANES OFFER ANTI-CORROSION AND RESISTANCE TO WEATHER, TEMPERATURE, AND DUST
    8.4 BEDDING & FURNITURE
           8.4.1 DURABILITY OF WATERBORNE POLYURETHANES TO BOOST THEIR DEMAND
    8.5 ELECTRONICS
           8.5.1 ADAPTABILITY TO BASE MATERIALS OF WATERBORNE POLYURETHANES
    8.6 OTHERS

9 WATERBORNE POLYURETHANES MARKET, BY REGION (Page No. - 61)
    9.1 INTRODUCTION
           FIGURE 22 WATERBORNE POLYURETHANES MARKET IN INDIA TO REGISTER THE HIGHEST CAGR
           TABLE 7 WATERBORNE POLYURETHANES MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
           TABLE 8 WATERBORNE POLYURETHANES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
    9.2 APAC
           FIGURE 23 APAC: WATERBORNE POLYURETHANES MARKET SNAPSHOT
           TABLE 9 APAC: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
           TABLE 10 APAC: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 11 APAC: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
           TABLE 12 APAC: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.2.1 CHINA
                    9.2.1.1 Low production cost and availability of cheap labor to attract foreign investments
                               TABLE 13 CHINA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 14 CHINA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.2.2 INDIA
                    9.2.2.1 Industrialization and urbanization to drive the market
                               TABLE 15 INDIA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 16 INDIA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.2.3 JAPAN
                    9.2.3.1 Technological advancements in automotive components and electronic products to drive the market
                               TABLE 17 JAPAN: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 18 JAPAN: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.2.4 SOUTH KOREA
                    9.2.4.1 Eco-friendly vehicles to propel the automotive industry
                               TABLE 19 SOUTH KOREA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 20 SOUTH KOREA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.2.5 INDONESIA
                    9.2.5.1 Future automotive industry growth to drive the market
                               TABLE 21 INDONESIA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 22 INDONESIA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.2.6 TAIWAN
                    9.2.6.1 Government investments for improving infrastructure to boost the market
                               TABLE 23 TAIWAN: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 24 TAIWAN: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.2.7 REST OF APAC
                    TABLE 25 REST OF APAC: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                    TABLE 26 REST OF APAC: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
    9.3 EUROPE
           FIGURE 24 EUROPE: WATERBORNE POLYURETHANES MARKET SNAPSHOT
           TABLE 27 EUROPE: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
           TABLE 28 EUROPE: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 29 EUROPE: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
           TABLE 30 EUROPE: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Residential infrastructure to drive the demand
                               TABLE 31 GERMANY: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 32 GERMANY: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
           9.3.2 FRANCE
                    9.3.2.1 Growing construction industry and foreign investments to drive the market
                               TABLE 33 FRANCE: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 34 FRANCE: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.3.3 UK
                    9.3.3.1 Government initiatives in the construction sector will boost the market
                               TABLE 35 UK: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 36 UK: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.3.4 ITALY
                    9.3.4.1 Investments in the construction industry and restoration projects to drive the market
                               TABLE 37 ITALY: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 38 ITALY: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
           9.3.5 SPAIN
                    9.3.5.1 Huge investments in construction projects to influence the market
                               TABLE 39 SPAIN: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 40 SPAIN: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.3.6 RUSSIA
                    9.3.6.1 Government policies to support the construction industry
                               TABLE 41 RUSSIA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (KILOTON)
                               TABLE 42 RUSSIA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
           9.3.7 REST OF EUROPE
                    TABLE 43 REST OF EUROPE: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (KILOTON)
                    TABLE 44 REST OF EUROPE: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018-2025 (USD MILLION)
    9.4 NORTH AMERICA
           FIGURE 25 NORTH AMERICA: WATERBORNE POLYURETHANES MARKET SNAPSHOT
           TABLE 45 NORTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
           TABLE 46 NORTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 47 NORTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
           TABLE 48 NORTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.4.1 US
                    9.4.1.1 Advanced infrastructure and technology to drive the market
                               TABLE 49 US: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 50 US: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.4.2 CANADA
                    9.4.2.1 Government initiatives for the construction sector to drive the market
                               TABLE 51 CANADA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 52 CANADA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.4.3 MEXICO
                    9.4.3.1 Company partnerships and improved regulations to drive the construction industry
                               TABLE 53 MEXICO: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 54 MEXICO: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
    9.5 SOUTH AMERICA
           TABLE 55 SOUTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
           TABLE 56 SOUTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 57 SOUTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
           TABLE 58 SOUTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.5.1 BRAZIL
                    9.5.1.1 Growing infrastructure and rapid industrial growth to drive the construction industry
                               TABLE 59 BRAZIL: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 60 BRAZIL: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.5.2 ARGENTINA
                    9.5.2.1 Stabilizing economy is expected to boost the automotive sector
                               TABLE 61 ARGENTINA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 62 ARGENTINA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.5.3 REST OF SOUTH AMERICA
                    TABLE 63 REST OF SOUTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                    TABLE 64 REST OF SOUTH AMERICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
    9.6 MIDDLE EAST & AFRICA
           TABLE 65 MIDDLE EAST & AFRICA: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
           TABLE 66 MIDDLE EAST & AFRICA: WATERBORNE POLYURETHANES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
           TABLE 67 MIDDLE EAST & AFRICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
           TABLE 68 MIDDLE EAST & AFRICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.6.1 SAUDI ARABIA
                    9.6.1.1 Growth in the residential construction sector is likely to drive the market
                               TABLE 69 SAUDI ARABIA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 70 SAUDI ARABIA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.6.2 UAE
                    9.6.2.1 Infrastructure investments to drive the waterborne polyurethanes market
                               TABLE 71 UAE: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                               TABLE 72 UAE: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
           9.6.3 REST OF MIDDLE EAST & AFRICA
                    TABLE 73 REST OF MIDDLE EAST & AFRICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (KILOTON)
                    TABLE 74 REST OF MIDDLE EAST & AFRICA: WATERBORNE POLYURETHANES MARKET SIZE, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 102)
     10.1 INTRODUCTION
               FIGURE 26 COMPANIES ADOPTED EXPANSION AND NEW PRODUCT LAUNCH AS THE KEY GROWTH STRATEGIES BETWEEN 2015 AND 2020
     10.2 COMPETITIVE LEADERSHIP MAPPING, 2019
             10.2.1 STAR
             10.2.2 EMERGING LEADERS
             10.2.3 PERVASIVE
             10.2.4 EMERGING PLAYERS
                       FIGURE 27 WATERBORNE POLYURETHANES MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
     10.3 WINNERS VS TAIL ENDERS
             10.3.1 WINNERS
             10.3.2 TAIL ENDERS
     10.4 MARKET SHARE, 2019
               FIGURE 28 COVESTRO LED THE WATERBORNE POLYURETHANES MARKET IN 2019
     10.5 MARKET RANKING
               FIGURE 29 MARKET RANKING OF KEY PLAYERS, 2019
             10.5.1 COVESTRO
             10.5.2 DSM
             10.5.3 BASF
             10.5.4 R. STAHL
             10.5.5 CHEMTURA
     10.6 COMPETITIVE SCENARIO
             10.6.1 NEW PRODUCT LAUNCH
                       TABLE 75 NEW PRODUCT LAUNCHES, 2015-2020
             10.6.2 EXPANSION
                       TABLE 76 EXPANSIONS; 2015-2020
             10.6.3 PARTNERSHIP
                       TABLE 77 PARTNERSHIP; 2015-2020

11 COMPANY PROFILES (Page No. - 112)
(Business overview, Products offered, Recent Developments, SWOT analysis, Right to win)*
     11.1 COVESTRO
               FIGURE 30 COVESTRO: COMPANY SNAPSHOT
               FIGURE 31 COVESTRO: SWOT ANALYSIS
     11.2 DSM
               FIGURE 32 DSM: COMPANY SNAPSHOT
               FIGURE 33 DSM: SWOT ANALYSIS
     11.3 BASF
               FIGURE 34 BASF: COMPANY SNAPSHOT
               FIGURE 35 BASF: SWOT ANALYSIS
     11.4 R. STAHL
               FIGURE 36 R. STAHL: COMPANY SNAPSHOT
               FIGURE 37 R. STAHL: SWOT ANALYSIS
     11.5 CHEMTURA CORPORATION
               FIGURE 38 CHEMTURA CORPORATION: SWOT ANALYSIS
     11.6 DOW INC.
               FIGURE 39 DOW INC.: COMPANY SNAPSHOT
     11.7 H.B. FULLER
               FIGURE 40 H.B. FULLER: COMPANY SNAPSHOT
     11.8 WANHUA CHEMICAL CORPORATION
     11.9 SNP INC.
     11.10 KAMSONS CHEMICALS PVT LTD.
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, Right to win might not be captured in case of unlisted companies.
     11.11 OTHER MARKET PLAYERS
               11.11.1 HENKEL AG
               11.11.2 AXALTA COATINGS
               11.11.3 ALLNEX
               11.11.4 PERSTORP
               11.11.5 RPM INTERNATIONAL
               11.11.6 UBE INDUSTRIES
               11.11.7 CHASE CORPORATION
               11.11.8 RUDOLF GROUP
               11.11.9 LUBRIZOL
               11.11.10 EMERALD KALAMA
               11.11.11 HAUTHAWAY
               11.11.12 SUN CHEMICAL
               11.11.13 KAIYUE TECHNOLOGY
               11.11.14 SIWOCHEM

12 APPENDIX (Page No. - 141)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involves four major activities in estimating the current market size of waterborne polyurethanes. Exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of the segments and sub segments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers and Bloomberg BusinessWeek, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; and databases.

Primary Research

The waterborne polyurethanes market comprises several stakeholders, such as raw material suppliers, distributors of waterborne polyurethanes, industry associations, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market consists of end-use industries such as automotive, construction, electronics, and so on, whereas the supply side consists of waterborne polyurethane manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary interviews— 

Waterborne Polyurethanes Market By Size

To know about the assumptions considered for the study, download the pdf brochure

Notes: Tiers of companies are classified on the basis of their total revenue in 2019 as Tier 1 = > USD 7 billion, Tier 2 = USD 500 million–USD 7 billion, and Tier 3 =

Others include sales, marketing, and product managers. 

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the waterborne polyurethanes market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following: 

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. Data was triangulated by studying various factors and trends from both the demand and supply sides. 

Objectives of the Study:

  • To define and analyze the waterborne polyurethanes market size, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze and forecast the market by application, and end-use industry
  • To forecast the size of the market with respect to five regions, namely, Asia Pacific (APAC), Europe, North America, South America, and the Middle East & Africa, along with their key countries
  • To strategically analyze micromarkets with respect to individual trends, growth prospects, and their contribution to the overall market and also analyze the Covid impact
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze the competitive developments such as new product launch and expansion in the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies 

Available Customizations:

MarketsandMarkets offers customizations according to the specific needs of the companies, along with the market data. The following customization options are available for this report:

Product Analysis

  • A product matrix that provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of APAC waterborne polyurethanes market

Company Information:

  • Detailed analysis and profiles of additional market players.
COVID-19

Get in-depth analysis of the COVID-19 impact on the Waterborne Polyurethane Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Waterborne Polyurethane Market

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Published ON
Oct, 2020
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